Congressional Bank Mortgage Rates, Fees & Info

Bethesda, MD

LEI: 2549008CZOYIG4FIKS25

Tax ID: 43-2022906

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Congressional Bank is a smaller bank specializing in Home Purchase loans. Congressional Bank has a high proportion of conventional loans. Their top two markets are Washington and Baltimore .

    Congressional Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    24

    Origination Dollar Volume (All Markets)

    $22,330,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 14 $19,450,000 $1,389,286 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 10 $2,880,000 $288,000 $0 0.00%
    Congressional Bank's top markets include Washington and Baltimore among others.

    Their top states include:
  • District of Columbia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Congressional Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Mutual Savings Bank
    Similarity Rank: 44
    Columbia Bank
    Similarity Rank: 64
    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    POINT BREEZE
    Similarity Rank: 90
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    N C P D Federal Credit Union
    Similarity Rank: 126
    MY Credit Union
    Similarity Rank: 130
    The North Side Bank & Trust Company
    Similarity Rank: 136
    BNB Bank
    Similarity Rank: 154
    SAN ANTONIO CITIZENS
    Similarity Rank: 156

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $22,330,000 $930,417 $0 0.00%

    For 2024, Congressional Bank's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $18,765,000 $893,571 $0 0.00%
    Cash Out Refi 2 $3,250,000 $1,625,000 $0 0.00%
    Refi 1 $315,000 $315,000 $0 0.00%

    For 2024, Congressional Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $22,330,000 $930,417 $0 0.00%

    For 2024, Congressional Bank's most frequently cited loan duration was Other, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 11 $3,105,000 $282,273 $0 0.00%
    $100k-200k 6 $980,000 $163,333 $0 0.00%
    $600k-1MM 3 $2,385,000 $795,000 $0 0.00%
    $1MM+ 2 $14,800,000 $7,400,000 $0 0.00%
    $400k-600k 2 $1,060,000 $530,000 $0 0.00%

    2024 saw Congressional Bank place emphasis on $200k-400k loans with 11 originations, totaling $3,105,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 24 $22,330,000 $930,417 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $22,330,000 $930,417 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.88%

    Congressional Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    70.83%

    Congressional Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 24 $22,330,000 $930,417

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    24 $22,330,000 $930,417